US Department of Justice and the Southern District of New York (SDNY) expelled a member of a suspected AirBit Club Ponzi scheme for “internationally coordinated fraud and money laundering ring” and suspected of being involved in defrauding individuals “through investments in AirBit Club.”
Last Monday, DOJ identified in a press release an individual named Gutemberg Dos Santos, a citizen from Brazil and the United States, as AirBit Club operators. Dos Santos faced trial in Panama before the SDNY and is now in US custody. Audrey Strauss, the acting United States Attorney, spoke on the matter, saying:
DOJ suspected Dos Santos and other five operators that hosted lavish events aiming to convince victims to purchase AirBit Club memberships that promised returns.
DOJ stated that after a victim invested, a Promoter has provided them with access to an online AirBit Club portal that will view the claimed returns on memberships. DOJ also claimed that while victims saw “profits” accumulate on their Online Portal, the representations were false:
Airbitz Club’s website indicates that some events mentioned above with the latest took place in Sao Paulo, Brazil, last year. Additionally, among the six accused was Scott Hughes, an attorney from California who helped to “remove negative information about AirBit Club and Vizinova from the internet.”